On Thursday, September 24, the Minister for Finance Jānis Reirs, Head of the Financial Intelligence Unit Ilze Znotiņa and the U.S. Ambassador to Latvia John L. Carwile signed the Terms of Reference between the Republic of Latvia and the US Department of Treasury, prescribing the provision of technical assistance of the US Department of Treasury in the field of anti-money laundering and countering terrorism and proliferation.

The Ministry of Finance (MoF) has submitted for the review to the meeting of the Cabinet of Ministers the assessment report prepared in cooperation with the Bank of Latvia and the Financial and Capital Market Commission (FCMC) on merging the FCMC with the Bank of Latvia. Risk-benefit analysis confirms that merging the FCMC with the Bank of Latvia is a meaningful step, because a public benefit is gained as a result thereof. At the same time, the identified risks are manageable, by implementing corresponding risk hedging measures, inter alia, appropriate allocation of rights and responsibilities.

The Council of Europe Development Bank (CEB) approved a €150 million loan to Latvia to support the government’s policies to contain the outbreak of COVID-19 and ease budgetary pressures on the public health care sector.

On Wednesday, 14th October, for the first time Eurobonds with maturity on 7 October 2026 previously issued under the GMTN programme of the Republic of Latvia, acting through the Treasury, were reopened and offered in auction in domestic market only.